a new venture's business plan is important because mcq

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Entrepreneurial Development MCQ Questions and Answers Part – 1

Entrepreneurial Development MCQ Questions and Answers Part – 2

Entrepreneurial Development MCQ Questions and Answers Part – 3

1. An individual who initiates, creates and manages a new business can be called _____________. A. A leader B. A manager C. An entrepreneur D. A professional ANSWER: C 2. Trademarks relate to _______. A. Practice and knowledge acquired through experience B. The protection of proprietary information of commercial value C. The right to reproduce ones own original work D. Brand identity ANSWER: D 3. Which could provide an individual with the motivation to start a new business venture? A. The financial rewards. B. A desire to be independent. C. Risk-taking D. All the above. ANSWER: D 4. Which of the following factors would not be included in a PESTLE analysis? A. Government re-cycling policy. B. Proposed reduction in interest rates. C. Competitor activity. D. Demographic changes. ANSWER: C 5. Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and generally has lower barriers to market entry? A. Service. B. Manufacturing. C. Distribution. D. Agriculture. ANSWER: A 6. Why are small businesses important to a country’s economy? A. They give an outlet for entrepreneurs. B. They can provide specialist support to larger companies. C. They can be innovators of new products. D. All the above. ANSWER: D 7. A business arrangement where one party allows another party to use a business name and sell its products or services is known as__________. A. A cooperative. B. A franchise. C. An owner-manager business. D. A limited company. ANSWER: B 8. Which of the following is the reason for business failure __________. A. Lack of market research. B. Poor financial control. C. Poor management. D. All the above. ANSWER: D 9. The use of informal networks by entrepreneurs to gather information is known as _______. A. Secondary research. B. Entrepreneurial networking. C. Informal parameters. D. Marketing ANSWER: B 10. Good sources of information for an entrepreneur about competitors can be obtained from_________. A. Websites. B. Product information leaflets. C. Company reports and published accounts. D. All the above. ANSWER: D 11. A new venture’s business plan is important because ______. A. It helps to persuade others to commit funding to the venture. B. Can help demonstrate the viability of the venture. C. Provides a guide for business activities by defining objectives. D. All the above. ANSWER: D 12. Primary data is________. A. the most important data. B. the data that is collected first. C. new data specifically collected for a project. D. data that is collected second. ANSWER: C 13. Innovation can best be defined as_______. A. the generation of new ideas. B. the evolution of new ideas. C. the opposite of creativity. D. the successful exploitation of new ideas. ANSWER: D 14. Which of these statements best describes the context for entrepreneurship? A. Entrepreneurship takes place in small businesses. B. Entrepreneurship takes place in large businesses. C. Entrepreneurship takes place in a wide variety of contexts. D. Entrepreneurship does not take place in social enterprises. ANSWER: C 15. Entrepreneurs are motivated by _________. A. money. B. personal values. C. pull influences. D. All the above. ANSWER: D 16. Which of the following are described as one of the Big Five personality traits? A. tolerance of others. B. need for achievement. C. propensity to leadership. D. locus of control. ANSWER: B 17. Which of the following is least likely to influence the timing of new business births? A. Government policies. B. Profitability. C. Consumer expenditure. D. Weather conditions. ANSWER: D 18. Which of the following statements is false? A. Market segmentation is a useful process for small businesses to undertake. B. Selling is essentially a matching process. C. A benefit is the value of a product feature to a customer. D. It is a good idea for small businesses to compete solely on price. ANSWER: D 19. The purpose of all good small business strategy is__________. A. to increase turnover. B. to increase profitability. C. to achieve competitive advantage. D. to achieve stated objectives. ANSWER: D 20. Which of the following is a recognized disadvantage of setting up as a start-up as compared with other routes to market entry? A. less satisfaction of the owners. B. less help from various agencies. C. there are more funds required. D. there is a high failure rate. ANSWER: D 21. Someone legally appointed to resolve the financial difficulties of an insolvent firm is called____________. A. an administrator. B. a predator. C. an auditor. D. a turnaround consultant. ANSWER: A 22. Goods or services reach the market place through ________. A. marketing channels. B. multilevel pyramids. C. monopolies. D. multiplication. ANSWER: A 23. To provide financial assistance to entrepreneurs the government has set up a number of___________. A. financial advisors. B. financial intermediaries. C. Industrial estates. D. financial institutions. ANSWER: D 24. State Industrial corporations engage in the development of__________. A. industrial estates. B. institutional estates. C. individual investors. D. agricultural entrepreneurs. ANSWER: A 25. ________ is the first development bank of the country. A. ICICI. B. IDBI. C. SFC. D. IFCI. ANSWER: D 26. IFCI stands for____________. A. Industrial finance corporation of India. B. Institutional finance corporation of India. C. Industrial funding corporation of India. D. Indian finance corporation and institution. ANSWER: A 27. IFCI has been converted into a________. A. joint-stock company. B. co-operative society. C. partnership firm. D. sole proprietorship. ANSWER: A 28. SIDBI was set up as a subsidiary of_________. A. IDBI. B. IFCI. C. ICICI. D. SFC. ANSWER: A 29. Which of the following is a function of SIDBI? A. Extension of seed capital. B. Discounting of bills. C. Providing factoring services. D. All of the above. ANSWER: D 30. SFC is prohibited from granting financial assistance to any company whose aggregate paid-up capital exceed__________. A. 1 crore. B. 1.5 crores. C. 2 crores. D. 2.5 crores. ANSWER: A 31. SIPCOT’s financial assistance is in the form of __________. A. term loan. B. seed capital scheme. C. underwriting the capital issues. D. All of the above. ANSWER: D 32. The business development department of SIPCOT guides entrepreneurs in ______. A. applying for licences. B. approval on collaboration. C. allocation of scarce raw materials. D. All the above. ANSWER: D 33. TIIC is sponsored by the_________. A. Government of Karnataka. B. Government of Andhra Pradesh. C. Government of Kerala. D. Government of Tamil Nadu. ANSWER: D 34. In backward areas, term loans for expansion or setting up a new unit are available at __________ . A. concessional terms. B. differential terms. C. standard terms. D. specific terms. ANSWER: A 35. A commercial banker would prefer a ____________ debt-equity ratio over the years as it indicates financial strength of a unit. A. Declining. B. Increasing. C. Stable. D. Fluctuating. ANSWER: A 36. EDPs course contents contains ___________. A. General introduction to entrepreneurs. B. Motivation training. C. Managerial skills. D. All the above. ANSWER: D 37. Entrepreneurial Guidance Bureau(EGB) was set up by____________. A. SISI. B. SIPCOT. C. IIC. D. SIDCO. ANSWER: C 38. _____________ can be defined as a specifically evolved work plan to achieve a specific objective within a specific period of time A. Idea generation. B. Opportunity Scanning. C. Project. D. Strategy. ANSWER: C 39. Large investment is made in fixed assets, the project will be termed as __________. A. Capital Intensive. B. Labour Intensive. C. Product Intensive. D. Market Intensive. ANSWER: A 40. PERT stands for __________. A. Programme Evaluation and Research Techniques. B. Project Evaluation and Review Techniques. C. Programme Evaluation and Review Techniques. D. Project Evaluation and Research Techniques. ANSWER: C 41. _____________ is used to accomplish the project economically in the minimum available time with limited resources A. Project Scheduling. B. Network Analysis. C. Budget Analysis. D. Critical Planning. ANSWER: A 42. ______________ is a form of financing especially for funding high technology, high risk and perceived high reward projects A. Fixed capital. B. Current capital. C. Seed capital. D. Venture capital. ANSWER: D 43. In _________, machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product A. Factory Layout. B. Product Layout. C. Process Layout. D. Combined Layout. ANSWER: B 44. The term ___________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units A. Incentive. B. Subsidy. C. Bounty. D. Concession. ANSWER: C 45. The granting of cash subsidy on the capital investment is called __________. A. Concessional finance. B. Quantum of Subsidy. C. Interest Subsidy. D. Central Investment Subsidy. ANSWER: D 46. New Small Scale industries are exempted from the payment of income tax under section 80J is called __________ A. Development Rebate.. B. Investment Allowance. C. Rehabilitation Allowance. D. Tax Holiday ANSWER: B 47. __________ is primarily concerned with the identification of the project demand potential and the selection of the optimal technology. A. Techno-economic analysis. B. Feasibility analysis. C. Input analysis. D. Financial analysis. ANSWER: A 48. _____________ refers to some action which is a time consuming effort necessary to complete a specific event. A. A Network. B. An Activity. C. An Event. D. A Node. ANSWER: B 49. _____________ is a graphical representation of the various activity and event relating to a project. A. Network analysis. B. Scheduling technique. C. Logical Model. D. Network Diagram ANSWER: D 50. Activities which must be finished before a given event can occur are termed as _________. A. Preceeding Activities. B. Succeeding Activities C. Concurrent Activities D. Dummy Activities. ANSWER: A

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A new venture’s business plan is important because ______________.

Correct answer: (D) All the above.

Related MCQs

• ? Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
• ? Foundation companies are formed from:
• ? All of the following are the broad categories of External forces EXCEPT:
• ? A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investment...
• ? Members of distribution channels are excellent sources for new ideas because:
• ? Which of the following geographical area is having least interest to U.S. entrepreneurs?
• ? Andrew Carnegie is an example of entrepreneur of which century:
• ? The activity which occurs when the new venture is started are called:
• ? The business plan should be prepared by:
• ? What is the primary concern of founders who trade equity for capital for their growing venture?

Related Multiple Choice Questions

• Key features of a well written business plan would include all of the following except:
• A new venture's business plan is important because  
• A new venture's business plan is important because .
• A new venture's business plan is important because ______.
• Why is the executive summary perhaps the most important section of the business plan?
• Entrepreneurial culture and growth orientation consists of all of the following except:
• All of the following are characteristics shared by those who excel at recognizing opportunities EXCEPT:
• All of the following are suitable questions to ascertain Product/Service Desirability EXCEPT:
• All of the following are characteristics of attractive industries EXCEPT:
• A business arrangement where one party allows another party to use a business Name and sell its products or services is known as 

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A new venture’s business plan is important because.

Question: A new venture’s business plan is important because.

A. It helps to persuade others to commit funding to the

B. Can help demonstrate the

C. Provides a guide for business activities by

D. All the above

Answer D. All the above.

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If you’re ready to place your first “write my paper” order, welcome to the order form. It’s streamlined to guide you through sharing all the information your expert will need beyond your request of “write my paper for me”. And if at any point you feel lost, confused, or too tired to deal with our simple “do my essay” order form, reach out to our support team. Call or type something like “I want you to write a paper for me,” and they’ll respond within seconds to help you complete the order, finalize the payment, and get the first progress update when we assign the best expert to your case.

How can I pay someone to write a paper for me? What are your payment methods??

We accept credit and debit card payments by Visa, MasterCard, Discover, JCB, and American Express. You can use a reliable and secure payment system that keeps your personal and financial information safe to get us to write an essay for you. So you don’t have to worry and ruminate, “Is it safe to pay someone for writing my papers online?” After all, it’s as safe as getting your next coffee batch on Amazon or paying for your Netflix subscription.

How fast can you write my essay for me?

“Write my essay ASAP!” and “Write my essay, and I need it yesterday!” are two of the most common requests we get from college students. And although we can’t trick time and only have 24 hours in our days, we can deliver short pieces in 6 hours and longer assignments—within a day. As long as you don’t come asking “Write my research paper in six hours,” and are realistic about your expectations, our experts should be able to handle the tightest deadlines. But please account for a preview and revisions not to miss your submission deadline.

Can I talk to the person who’ll do my essay for me?

Of course, you can. We realize you’re probably thinking, “When I pay someone to write my paper, I want to have a direct line to this person.” So all you need to do is log into your account and find the chat tab to ask your questions or provide comments. But please remember that writers may not be available 24/7, as they have research and writing to take care of. If you’re thinking “I want round-the-clock access with the person I hired to write an essay for me,” you’re unlikely to find a writing service that will satisfy your needs.

Can you write my essay for me cheap?

Sure, our rates start as low as $6.99. Despite inflation and global crises, we keep our prices student-friendly. So anyone who comes asking, “write my paper for cheap” or “write my term paper without breaking the bank” will feel welcome and safe in the knowledge they’ll get the best value for money. At the same time, we urge you to beware of online frauds promising free results, as every “Write my research paper for me for free” may end in a scam.

Is it legal to use your service and pay someone to write my paper?

Yes, it is legal. Whether you’re carefully considering “Can someone do my paper for me?” in the privacy of your own mind or clamoring for assistance with the bold demands of “Write my paper for me now!”, you’re in the clear until you submit the paper you purchase for grading under your name. Even that isn’t illegal in most countries, though it is frowned upon in most schools. It’s up to you to decide what to do with the paper you get after we fulfill your order.

Can I pay someone to do my essay after it’s done?

Sadly, no. In an ideal world of perfectly honest people, you’d say, “I need help write my research paper”, and we’d have it ready for you for free and rely on your generosity. In the real world, our writers, editors, and support managers are real people who like to have a roof over their heads and meals on their tables. Our refund policy keeps you safe, but only your upfront payment protects our writers from scams. So whenever you ask, “Can you write my essay cheap?”, we say, “Sure”, but we ask you to cover the cost first.

Who will write my paper for me? How do I know they’re qualified to handle it?

Every writer on our team holds a degree in one or more majors, possesses years of academic writing experience, and has a solid reputation among our clients. You can be sure that whenever you run asking, “Write essay for me”, we’ll match you with an expert best suited to handling your academic level, class, and topic. Be safe in the knowledge that we only hire seasoned academics to write papers for you.

How do I choose the best writer to write my paper for me?

You can select a specific expert to deal with your “write my essay” issue or pick a top or pro-level writer. Although either of these options will add to the bottom line, you won’t have to wonder, “Who will write my essay?”. We recommend selecting one of our premium experts for critical assignments that need a special touch to score top grades and improve your class ranking or GPA. Contact our support team to ask, “Can someone write my paper for me with top results?” to learn more about writer options.

How do I know if you’ll make my essay original?

Your every “write my essay” order goes through a plagiarism checker to guarantee originality. After all, our writers know “write my paper” means crafting an original piece from scratch, not rewriting a stale sample found online. But if you want further proof, you’re welcome to order an official plagiarism report with a similarity percentage. All it takes is checking the box in the order form or asking a support agent to add it to the bottom line when you come asking, “I need you to write an essay for me.”

How can I lower the price when ordering an assignment?

Although we keep our online paper help rates as low as possible, you can play around with the order parameters to lower the price. For example, instead of crying, “I need you to write my essay in 12 hours”, set the deadline for two weeks, and your bottom line will be much more affordable. You can also wait for a seasonal promotion with discounts of up to 15% if you’re thinking, “I’m in no hurry to pay someone to write my essay.”

What do I do if you write my paper for me, and I don’t like it?

You can get a revision or a refund, depending on how much your “write my essay for me” order went off track. We know when you pay someone to write your paper you expect the best results, and we strive to follow every instruction to a T when we write a paper for you, but miscommunication can occur. In this case, don’t be shy about requesting a free revision or a new writer to rework your assignment. And if you feel the paper is unsalvageable, you may be liable for a partial or full refund.

How do I know you’ve finished writing my paper?

We’ll notify you via email the moment the writer uploads the first draft for your revision. You can then preview it and approve the piece to download an editable file or get it sent for a revision round with your comments about necessary corrections. Besides, you can always request a progress update from your writer or a support manager. Just ask them, “Any progress since I hired you to write my essay for me?”. As you see, you don’t need to fret, thinking, “How will I know when you write my essay, and it’s ready?”

What are you waiting for?

You are a couple of clicks away from tranquility at an affordable price!

Alexander Freeman

Can I hire someone to write essay?

Student life is associated with great stress and nervous breakdowns, so young guys and girls urgently need outside help. There are sites that take all the responsibility for themselves. You can turn to such companies for help and they will do all the work while clients relax and enjoy a carefree life.

Take the choice of such sites very seriously, because now you can meet scammers and low-skilled workers.

On our website, polite managers will advise you on all the details of cooperation and sign an agreement so that you are confident in the agency. In this case, the user is the boss who hires the employee to delegate responsibilities and devote themselves to more important tasks. You can correct the work of the writer at all stages, observe that all special wishes are implemented and give advice. You pay for the work only if you liked the essay and passed the plagiarism check.

We will be happy to help you complete a task of any complexity and volume, we will listen to special requirements and make sure that you will be the best student in your group.

Once I Hire a Writer to Write My Essay, Is It Possible for Me to Monitor Their Progress?

Absolutely! Make an order to write my essay for me, and we will get an experienced paper writer to take on your task. When you set a deadline, some people choose to simply wait until the task is complete, but others choose a more hands-on process, utilizing the encrypted chat to contact their writer and ask for a draft or a progress update. On some occasions, your writer will be in contact with you if a detail from your order needs to be clarified. Good communication and monitoring is the key to making sure your work is as you expected, so don't be afraid to use the chat when you get someone to write my essay!

I work with the same writer every time. He knows my preferences and always delivers as promised. It’s like having a 24/7 tutor who is willing to help you no matter what. My grades improved thanks to him. That’s the story.

Dr.Jeffrey (PhD)

Some attractive features that you will get with our write essay service

Grab these brilliant features with the best essay writing service of PenMyPaper. With our service, not the quality but the quantity of the draft will be thoroughly under check, and you will be able to get hold of good grades effortlessly. So, hurry up and connect with the essay writer for me now to write.

What is the best essay writer?

The team EssaysWriting has extensive experience working with highly qualified specialists, so we know who is ideal for the role of the author of essays and scientific papers:

• Easy to communicate. Yes, this point may seem strange to you, but believe me, as a person communicates with people, he manifests himself in the texts. The best essay writer should convey the idea easily and smoothly, without overloading the text or making it messy.
• Extensive work experience. To start making interesting writing, you need to write a lot every day. This practice is used by all popular authors for books, magazines and forum articles. When you read an essay, you immediately understand how long a person has been working in this area.
• Education. The ideal writer should have a philological education or at least take language courses. Spelling and punctuation errors are not allowed in the text, and the meaning should fit the given topic.

Such essay writers work in our team, so you don't have to worry about your order. We make texts of the highest level and apply for the title of leaders in this complex business.

Orders of are accepted for more complex assignment types only (e.g. Dissertation, Thesis, Term paper, etc.). Special conditions are applied to such orders. That is why please kindly choose a proper type of your assignment.

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A new venture’s business plan is important because ______________.

Correct answer: (D) All the above.

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• ? The business plan should be prepared by:
• ? What is the primary concern of founders who trade equity for capital for their growing venture?

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